5 Tips to Ask in Order to Run a Successful Social Media Campaign with Increases in ROI and Sales? Yes!

Posted on by
2

As many of you know, finding an experienced professional to assist you with anything in life can be a daunting task. Also, as many of you probably know there are so many people out there that you speak with everyday that consider themselves “experts, connoisseurs, sales guru’s, geeks” of the trade(s), etc. Well as we both know, these so called experts or what have you, don’t actually have the experience that you may often find yourself needing… good advice, that actually works or saves you money? Yes?
Needless to say, we also continue to run across these same people in our line of work (especially social media), who claim to be experts but are nothing more than users who participate in things in a limited capacity or in social media words… in the basic sites such as Facebook, YouTube, or Twitter. So, for this week’s discussion, we thought we would provide you with a few things (5 Tips) to consider or ask when you are considering putting together a social media campaign.
1)  The very first question you should ask someone that you are considering letting them help you with your online engagement is what sites do you operate personally or for your company and could you please provide me with the links to check them out?
·    Now that you have their attention, see if they provide you with more than just a Facebook or Twitter account. It is crazy to think about but many experts stake their claim on these sites and these sites alone. However, the truth is social media didn’t start with these sites nor are they the answer to everyone’s needs. Look for people/companies that give you links to blogs and old school forums, etc. Also, look at how long they have been ACTIVELY participating in online activities, since participating for 6 months or a year or two definitely doesn’t make you an expert. Just ask Melcolm Gladwell who wrote Outliersand 60 Minutesused to run a great piece on. Think 10,000 or 10 years (well maybe not that many) but at least look for 3,000 or 3 years of activity.
2)   The second question you should ask the so-called expert you are talking to is whether or not they are familiar with or know of any restrictions in online activities for your specific needs or industry segment.
·    Let’s face it much like people would like to tell you, in online or social media activities there is not one size that fits all approach… mush like Professional Employer Organizations (PEOs), Customer Relationship Management (CRM) services, etc. Sure you can participate get quotes for all the companies or operate on all the mediums but most people/businesses should stick with 3-5 networks. A good example is our consulting practice. We consult with clients on PEO, CRM, and Wireless Devices, so these are our ideal clients (companies who offer and those who also need these services), as we know the industry extremely well and any limitations that we must consider on their behalf. However, we don’t run social media campaigns for law, pharmaceutical, alcohol, etc, as we are not familiar with these segments. Sure we could figure it out but you really want a professional or business to help in your social networking that lives, breathes, and knows the industry and more importantly, where your customers hang out!
3)   The third question you should ask your so called expert is their overall opinion (personal opinion) of the industry and how thinks might change in the days, weeks, and months ahead.
·    This is a great question, as it usually lets you know where exactly the person or company started their online activities, why, and what they are trying to accomplish on a personal level. If they say they do it cause it’s their job… RUN! However, if they start out by telling you some of the reasons they started to participate in chat forums, started their own blog, or why they originally joined MySpace or sold stuff on EBay these are more than likely the people you want to deal with, as they have a personal not just a monetary investment in social networking. Also, this should clue you in, as to what other networks that they think will be the next Facebook, much like Pinterest, FourSquare, Scoop-it, etc are becoming. The true expert lives and breathes whatever they are an expert in, so they should/will always have options for you when things are not going as well as you think they should or how they are going.
4)   The forth question you should ask is who will help develop, manage, or engage your specific audience?
·    It still amazes us how many people and businesses think that social media begins and ends with a post or the creation of a Facebook page or Blog or better yet how many likes, followers, or friends you can acquire. Shoot that is the easy part about social networking… creating the sites and adding people, what is difficult part is keeping people interested, engaged, and coming back each week (CUSTOMER SERVICE). This is often the more expensive part of social media but a good investment, if you or your company is really serious about taking the next step online and something more people/businesses should be concerned about if you are looking for that so called Return on Investment (ROI). We cannot even tell you how often we see idle accounts out there that were set-up and abandoned, even some of our client accounts. Why? Cause most of the time just like in person, people and a lot of businesses do not know how to interact with others online or what they want to accomplish even if you tell them. What is the worst that can happen? Someone de-friends, un-follows, or leaves a negative response? Rejection and acceptance are both part of life, so in order to be successful online; you have to interact with others. You cannot just develop an account(s) but you must also manage and engage, so this is a very important question to ask your expert!
5)   Finally the last question, and perhaps the most important (ROI) you have to ask is how exactly social networking will improve a person or business and the measurement scale your expert will use to claim a SUCCESS!
·    This is probably one of our favorite questions to answer because more times than not, our answer doesn’t have anything to do with likes, followers, or friends. Instead we use tools that were created for measurement such as Kred, Klout, PeerIndex,EmpireAvenue, and Google Analytics.  Of course these tools do consider your Facebook, YouTube, Twitter, LinkedIn, Google+, FourSquare, ETC. accounts but remember that they also measure your level of interaction. Of course, these sites are not perfect but remember the more you interact with your friends, followers, and acquaintances, the higher your scores should go. If you are a business, these should also translate into more calls, sales, referrals, etc (ROI) plus the more you interact the more likely you are to create chatter that is positive even despite any negatives that others may have previously left.
Each week we try to take our daily personal/business conversations and translate them into the online world for others to view and use. This week is no different, as we hope that these five tips can help you decide on a person or company best suited for your online “social media” and other activities. Of course, this is only the tip of the iceberg, so if you need any other advice, please don’t be afraid to ask us or contact David Dandaneau directly, as we are here to help. Otherwise, we will see you back here again next week, with another tip brought to you… Well, by YOU! You know the story… Keep Smiling Kidzzz!

David Dandaneau is a Consultant at [SevenTimesSeven]. He specializes in helping business owners “manage their business and not their processes!” For more connect with him via Twitter @ddandaneau or any of the other social platforms you may find him on.


Social Customer Relationship Management (CRM) or (a.k.a Social Media CRM) Can Produce or Increase Sales by 12%. How so?

Posted on by
10

As many of you already know Seven Times Seven headed by David Dandaneau is (are) dedicated to bringing answers to questions in our weekly tip each week that we come across. This week is no different, as we continue to navigate (7) difficult but extremely important segments for an organizations long-term growth and survival. This week in particular, we have had a tremendous amount of inquirers into Customer Relationship Management (CRM) and it’s (the systems) effect(s) on business performance & sales, which just happen to be some of the things David Dandaneau has been researching over the last 3+ years, as part of his Doctoral work. What is crazy to think about is that every day we ask clients and individuals if they are familiar with CRM? They usually respond with the answer Yes! So, why the inquires now? Next question… what system are you using and/or what are you doing with the data you collect? Much to our surprise, many of you are still using the basic CRM systems such as ACT, Capsule, etc. Why is it that more of you have not moved yet to Sugar, Salesforce, Zoho, etc. so you can collect more data and sales leads integrated with your website of blog? Well, if you are like most people a CRM system is something you probably bought or subscribed to in order to help you remain better organized and track issues (contact manager)… Yes? Well, if so let’s take a minute to look at some of the latest research trends and “statistics” in order to see if we might be able to make CRM (whatever system you use) work for you “more sales & retention”… not against you in order to produce some sort of Return On Investment (ROI).
So… What Needs are YOU looking for?
When a person or organization begins to look for a CRM provider or system, you will soon realize that there are tons “thousands it seems” of solutions available to fit almost any need, just like with Professional Employer Organizations (PEO), Mobile Solutions, or Social Media (SM). However, the one question you must ask yourself first with CRM much like the others, is what are you trying to accomplish with it (CRM) and how can you pull everything together? If you are like any normal person or organization, you should also be asking yourself what ROI will whatever system I (you) chose produce for me? The answer is simple… pick a system that allows you to retrieve information (i.e. offer white papers in exchange for contact information) and store it, so you can turn this information into leads and a resource, just like with social media… use the data to convert more inquires into sales, Yes? Also, let’s not forget to ask ourselves how can you (we) share information or help your (our) customers with the information and/or analyze the data we (you) collect with a CRM system to produce ROI?
A CRM Implementation is the most Effective way to Maintain Relationships

Just like social media or wireless device innovations (iPhone, iPad, Droid, etc), CRM (bringing systems together) should not be about what other people/businesses are doing but instead about what you and/or your personal or business needs are or in other words “what the customer wants.” With almost any PERFECT CRM implementation (on the behalf of the customer & organization), you should see customer retention and sales COSTs continue to decline overtime and organizational or personal profits increase over that extended period of time if utilized correctly. In a recent study it was found that “social” CRM or in other words social media or mobile CRM can help an organization or more importantly its sales force increase productivity and benefit by as little as +12% if used correctly. What’s more, is that this same study produced by Nucleus Research found that on average 21% of those people (organizations) or sales forces that use(d) social CRM, seen sales increases as much as 20%. Furthermore, this statistic equates to approximately 4 out of 5 companies that use/subscribe to a social CRM approach and integrate external sources such as Facebook, Twitter, FourSqaure, EmpireAvenue, etc with their CRM application(s) could expect returns (ROI) as high as 47%… crazy huh? What is even more shocking is that this particular course of action does not even take into account your mobile campaigns (25% increases), or RSS feeds through Pinterest, Tumblr, StumbleUpon, Etc (additional 22% increases).
So, What are you Waiting FOR?
Since the research and data points to increases in response, interaction, retention, and sales why are so many people (organizations) still reluctant to use and/or subscribe to a “Social CRM” solution? Or more importantly why are you (your team) not using mobile CRM applications “especially on your mobile” to convert leads into sales? The fact is and from our conversations, there are that still many people that still do not understand how all these systems work together or how to put all the pieces together or leave a footprint behind when meeting or following up with someone. In the Nucleus study, it was clear why; as only 16% of the 223 executives actually knew that, this was a total approach to business evolution, retention, and additional sales, which is hard to believe. Perhaps as more people turn to social media to solve customer issues left on sites such as Yelp, Google, Yahoo, etc. and by participating more in sites such as Facebook, LinkedIn, Twitter, etc. more people will understand that CRM (especially mobile, as this has shown to increase productivity by +20%) should/will be an important part of their overall long-term strategy of conversing, linking, and connecting the dots (i.e. or at least a part of the solution) to increase sales.
From this short but direct post, we hope that you (your organization) realize the benefits that CRM, social media, and mobile campaigns can/will have on your overall success. As we continue to move further away from websites and more towards mobile phones, blogs, and social media for interaction, we will continue to rely upon CRM to help us stay connected to our friends, followers, and clients. If you have not yet made a decision on a social media, CRM, or mobile strategy don’t worry, as you still have time to make a decision. The important part is that you now start to think about it and about how all these systems work or can work together to help you and your team excel. Not only are these systems important to you but also to David Dandaneau, as these are large components to his research and the results that will be reported in his dissertation over the next several months. Therefore, if you would like more information or to participate in his study, please feel free to drop us a line or contact him directly by posting a comment. Otherwise, and like usual we will look forward to seeing you right back here next week with another Q&A session brought to you… well, by YOU! Cheers!

David Dandaneau is a Consultant at [SevenTimesSeven]. He specializes in helping business owners “manage their business and not their processes!” For more connect with him via Twitter @ddandaneau or any of the other social platforms you may find him on.


3 Things to Jump Start your #SocialMedia or #Networking Campaigns

Posted on by
Reply

In this new age of networking (online and in-person) what is the one question you ask yourself and others most often? Think about it? If you are like me, you may think the one thing that annoys you most is “pushy people,” or more importantly pushy salespeople. Yes? Have you been to a local Chamber of Commerce or other Networking event and found yourself in the middle of (10) people all trying to sell you something before they even know your name?

Well, just like with many of my other posts through Seven Times Seven, I continue to report to our readers and followers some fantastic ways to get your message across without having to call, email, or text another person to death! Social Media sites such as Facebook, YouTube, Twitter, LinkedIn, Google+, EmpireAvenue, FourSquare, Quora, Redditt, Digg, Pinterest, Tumblr, Scoop-it, StumbleUpon, Etc all allow us to pull other works, ideas, and statements thus increasing you or your brands exposure, which hopefully results in sales if your message was received well. Ah, yes does this sound familiar… being social huh? Anyway, you get the idea and many of you may or may not have heard of the push and pull concept before. However, I am sure, if you are anything like me, that someone in a prior job or even in your family may have introduced you to this concept or was/has tried to sell you or have you sell something extra so they can benefit. The good’ol push and pull strategy, only in this post, I am trying to emphasize to everyone the pull strategy (in content not distribution) versus the annoying push strategies (again in content not distribution) that most of us hate!

 

So, as more people and companies look for additional ways to attract more friends, followers, likes, etc, let’s think about how we can use networking events or social media sites to help each other versus hinder one another, a brand, or company. Great, so how you ask? This week I would like you to think about three simple words (reason, connecting, and forming allies), so you can use these social networking clubs or sites to help another person or company pull their message across multiple platforms versus pushing a sale on them.

1. Reason
First, think about some of the REASONS you or your company might use the push and pull strategy(s). If you are still not familiar with these concepts, please see Push & Pull Promotional Strategy for a very simple explanation but remember I am talking about information and ideas in this post, so please also remember that. Now that you are familiar with the two strategies… what are the reasons you may want to use the pull strategy with networking or social media? Again, isn’t networking and social media about being social versus talking about yourself or selling something? Don’t friends and sales come from your ability to be social in these and other operating platforms? Besides who wants to always hear about you or something you may be selling right? Simply put, the reason you should be on any social media network or at a local networking event is to provide information, so you can give someone else another REASON to stay in contact, like, follow, or buy something from you at a later date. This is being the true industry expert and a main reason to pull people together not push them away!

2. Connect
While many of us find that CONNECTing with others often involves a phone call after a phone call, follow up email after email, and annoying direct messages (more like pushing), whereas connecting should really be about connecting to others with REASON for them to help pull your message or product along just like in the distribution channel processes. Does that make since? Since we are focusing on social media and networking in this post, moving forward in your campaigns start to think about ways that you can CONNECT (share, tweet, retweet, like, pin, +1, etc) with others to help them spread their message(s). Simply, connecting one person to another, basically means that you are trying to bridge a gap between someone in your network (business or personal) and someone else, so everyone sees the value in the engagement or new acquaintance. Thus, both parties should see more exposure, friends, followers, and/or sales. Sounds easy enough right? So why do people continue to look to connect to others for self or company gain instead of first trying to get a message across? Start today by helping to break this mold and pull more messages through your networking efforts or social media sites and see if you can actually CONNECT (pull) even more people into the conversation. Heck, curate something; re-pin, share, or retweet and see how that/these help expand your networks and/or connections.

3. Form Allies
Lastly and with any networking or social media strategy as I (Seven Times Seven) have been discussing let’s not forget about one of the most important parts in trying to pull your/someone else’s message across any channel. Regardless of what network you are using, remember again to equally share and help one another; otherwise, one party may feel as if the other party is not doing as much as they can to help the other. Consider this your marriage and form strategic alliances with allies that will help amplify your personal or business message. All too often this seems so easy but all too often it fails (just like marriage), as we forget to reinforce the value we bring to a local or online network. If more people and companies would stop competing for friends and business and start forming ALLIES, more friends and sales will surely follow. People and companies value partners and regardless if you are competing in the same industry or among the same friends just remember to create value that keeps people coming back for more. When value is created, more alliances are formed, and more pulling of messages will come.

Surely, by identifying a reason, connection, and ally you and/or your company will take the next step in building stronger relationships that ultimately results in more sales. As many of you know, I (Seven Times Seven) is a consulting agency and thanks again to our clients, friends, and followers, we were able to once again provide our readers with another piece of important information that you can also pass along to your friends, followers, partners, or acquaintances; thus, increasing ours (mine) and your own value. Until next week, I will look forward to also sharing your information and connecting more with you online and/or in-person. In the meantime, please contact David Dandaneau with additional thoughts or questions that I can help answer next week in Seven Times Seven’s weekly tip. Oh ya, don’t forget to KEEP SMILING!

Three Things to Jump Start your Social Media & Networking Campaigns

Posted on by
2

In this new age of networking (online and in-person) what is the one question you ask yourself and others most often? Think about it? If you are like many of us, you may think the one thing that annoys you most is “pushy people,” or more importantly pushy salespeople. Yes? Have you been to a local Chamber of Commerce or other Networking event and found yourself in the middle of (10) people all trying to sell you something before they even know your name?
Well, just like with many of our other posts we continue to report to our readers and followers some fantastic ways to get your message across without having to call, email, or text another person to death! Social Media sites such as Facebook, YouTube, Twitter, LinkedIn, Google+, EmpireAvenue, FourSquare, Quora, Redditt, Digg, Pinterest, Tumblr, Scoop-it, StumbleUpon, Etc all allow us to pull other works, ideas, and statements thus increasing you or your brands exposure, which hopefully results in sales if your message was received well. Ah, yes does this sound familiar… being social huh? Anyway, you get the idea and many of you may or may not have heard of the push and pull concept before. However, we are sure, if you are anything like us, that someone in a prior job or even in your family may have introduced you to this concept or was/has tried to sell you or have you sell something extra so they can benefit. The good’ol push and pull strategy, only in this post, we are trying to emphasize to everyone the pull strategy (in content not distribution) versus the annoying push strategies (again in content not distribution) that most of us hate!
So, as more people and companies look for additional ways to attract more friends, followers, likes, etc, let’s think about how we can use networking events or social media sites to help each other versus hinder one another, a brand, or company. Great, so how you ask? This week we would like our readers to think about three simple things (REASON, CONNECTING, and FORMING ALLIES), so you can use these social networking clubs or sites to help another person or company pull their message across multiple platforms versus pushing a sale on them.
1. REASON
First, think about some of the REASONS you or your company might use the push and pull strategy(s). If you are still not familiar with these concepts, please see Push & Pull Promotional Strategy for a very simple explanation but remember we are talking about information and ideas in this post, so please also remember that. Now that you are familiar with the two strategies… what are the reasons you may want to use the pull strategy with networking or social media? Again, isn’t networking and social media about being social versus talking about yourself or selling something? Don’t friends and sales come from your ability to be social in these and other operating platforms? Besides who wants to always hear about you or something you may be selling right? Simply put, the reason you should be on any social media network or at a local networking event is to provide information, so you can give someone else another REASON to stay in contact, like, follow, or buy something from you at a later date. This is being the true industry expert and a main reason to pull people together not push them away!

2. CONNECT
While many of us find that connecting with others often involves a phone call after a phone call, follow up email after email, and annoying direct messages (more like pushing), whereas connecting should really be about connecting to others with REASON for them to help pull your message or product along just like in the distribution channel processes. Does that make since? Since we are focusing on social media and networking in this post, moving forward in your campaigns start to think about ways that you can CONNECT (tweet, retweet, like, pin, +1, etc) with others to help them spread their message(s). Simply, connecting one person to another, basically means that you are trying to bridge a gap between someone in your network (business or personal) and someone else, so everyone sees the value in the engagement or new acquaintance. Thus, both parties should see more exposure, friends, followers, and/or sales. Sounds easy enough right? So why do people continue to look to connect to others for self or company gain instead of first trying to get a message across? Start today by helping to break this mold and pull more messages through your networking efforts or social media sites and see if you can actually connect (pull) even more people into the conversation. Heck, curate something; re-pin, or retweet and see how that/these help expand your networks and/or connections.

3. FORM ALLIES
Lastly and with any networking or social media strategy as we have been discussing let’s not forget about one of the most important parts in trying to pull your/someone else’s message across any channel. Regardless of what network you are using, remember to equally share and help one another; otherwise, one party may feel as if the other party is not doing as much as they can to help the other. Consider this your marriage and form strategic alliances with allies that will help amplify your personal or business message. All too often this seems so easy but all too often it fails (just like marriage), as we forget to reinforce the value we bring to a local or online network “sharing.” If more people and companies would stop competing for friends and business and start forming allies, more friends and sales will surely follow. People and companies value partners and regardless if you are competing in the same industry or among the same friends just remember to create value that keeps people coming back for more. When value is created, more alliances are formed, and more pulling of messages will come.
Surely, by identifying a reason, connection, and ally you and/or your company will take the next step in building stronger relationships that ultimately results in more sales. As many of you know, Seven Times Seven is a consulting agency and thanks again to our clients, friends, and followers, we were able to once again provide our readers with another piece of important information that you can also pass along to your friends, followers, partners, or acquaintances; thus, increasing ours and your own value. Until next week, we look forward to also sharing your information and connecting more with you online and/or in-person. In the meantime, please drop us a line or contact David Dandaneau with additional thoughts or questions that we can help answer next week in our tip and surely don’t forget to KEEP SMILING!

David Dandaneau is a Consultant at [SevenTimesSeven]. He specializes in helping business owners “manage their business and not their processes!” For more connect with him via Twitter @ddandaneau or any of the other social platforms you may find him on.


Why you Need to Identify your Social Media Influencers and Competition!

Posted on by
2

As many of you know we (Seven Times Seven, LLC) help small business owners navigate seven (i.e. Payroll, Workers’ Compensation, Professional Employer Organizations (PEOs), Wireless Devices, Social Media, CRM, and Website Design & Integration) distinct (sometimes challenging) segments required for any long-term business venture/success, regardless of the industry that you compete in. Needless to say, these seven segments most or the time make business owners want to vomit, as the commitment (time) they all require are more times than not… having you asking yourself if or how you can measure any return on your investment(s) in these things. Well, we are here to tell you that in order to produce greater profits, you need to document, make people/businesses aware of what you offer, and communicate effectively. Communication is key in all these and other segments but none more important than with social media. Before, you say you have tried it and it didn’t work for you, we want you to take a step back, and think of why or why not, as these new mediums are well worth your time and commitment(s). Here’s why!
Who is Using Social Media and What Networks are they?
The first thing you must ask about social media is who in your circle of influence (personally or professionally) is/are using these new tools effectively? Next, what mediums (Facebook, YouTube, Twitter, LinkedIn, Google+, EmpireAvenue, FourSquare, Quora, Redditt, Digg, Pinterest, Tumblr, etc) are they and what are they doing to communicate with their established networks? Once you have found similar (people or businesses) join these networks and start conversing with your influencers and competition to see if they respond to you. If they do, then you know that they are having success and understand the networks they are operating on and if they don’t respond, it’s probably because they too don’t understand how to use these medians to drive ROI and communicate effectively. Either you respond, like, or follow in return or you don’t it’s that easy to tell who is using these mediums effectively. Really, by scouring the landscape and finding others (networks they are using), will help you determine what networks you also need to be involved in… Really it is that simple!
Now What?
After you have found your influencers and competition online, now all you have to do is put together a few time slots during the week to develop, engage, and communicate with others (literally think about a few times either in the morning or evening to do this, 30minutes-1hr daily). Seriously, with almost any social media site they only take a few minutes to set up and most of the time you can also import your information from sites such as Twitter and Facebook to get going. Therefore, whether you think Twitter and Facebook (work or do not), set them up anyway, as these will make your life easier once you find out what sites you want to participate in… heck if you are like us, go for all of them! After all what do you have to lose… increases/increasing in your knowledge and/or Google search rankings?
Get Customers and ROI!
The most important part about social media is producing new customers, acquaintances, and/or ROI. If you stick to your daily or weekly updates (new material, new posts, blog posts, reposts, shares, tweets, retweets, or curated material), you should notice after a couple of weeks (our 90-day rule) whether your material is being accepted or not. Obviously, new friends, likes, followers, direct messages are just some of the ways to judge your success but also remember to watch your Kred, Klout, PeerIndex,and Share Prices to also judge success and potential new customers. Perhaps the most important thing to remember regardless of the mediums you use online is try not to post to much or too little. Instead, you need to focus on providing “VALUE” (daily or weekly industry, academic, or personal postings) to your network and competition, which will ultimately end up building your credibility and endorsements that eventually result(s) in even more friends, ROI, and new customers.   
So, what are you doing with social media online that is helping you grow your business locally, regionally, or nationally? Have you tried these methods in your business? We would love to hear more about how you use social media, CRM, or wireless devices to communicate effectively. So please feel free to connect with us here, any of our other networks (Google Seven Times Seven, LLC), or with David Dandaneau directly through his 25+ social networks, so we can all connect, share, and grow together to provide even more influence. Until next week, keep smiling and we will look forward to hearing, sharing, and engaging online with everyone soon to achieve even more extraordinary results. Cheers

David Dandaneau is a Consultant at [SevenTimesSeven]. He specializes in helping business owners “manage their business and not their processes!” For more connect with him via Twitter @ddandaneau or any of the other social platforms you may find him on.


Link

What are you doing with social media online that is helping you grow your business locally, regionally, or nationally? Try these (personally or professionally) if you haven’t already!

seventimessevenllc:

As many of you know we (Seven Times Seven, LLC) help small business owners navigate seven (i.e. Payroll, Workers’ Compensation, Professional Employer Organizations (PEOs), Wireless Devices, Social Media, CRM, and Website Design & Integration) distinct (sometimes challenging) segments required…

Seven Times Seven: Why you Need to Identify your #SocialMedia Influencers and Competition!

Who is the NCCI & What is the Importance of Proper Workers Compensation Classification? Let’s Find Out!

Posted on by
1

Each and every day we continue to educate business owners online and in the area who may be still struggling to understand the value with the Professional Employer Organization (PEO) model and/or the pricing strategies available to them if they chose a PEO arrangement. Nonetheless, this week in our daily tip we are revisiting a work published by David Dandaneau last year that may help to educate you further about some of the basic terminology and industry standards, which may ultimately help you and/or your business reduce costs, while freeing up extra time.
First of all, who is the National Council on Compensation Insurance (NCCI)? Well, the NCCI is based out of Boca Raton, FL and is considered one of the country’s largest database managers of workers compensation insurance information. In fact, the NCCI helps to analyze industry trends and risks associated with them in order to help others prepare workers compensation insurance rates, while providing a combination of services, which help to maintain a healthier overall workers compensation system (NCCI Holdings, 2011).
Contrary to many people’s beliefs, the NCCI is not a rating bureau; instead, the organization is often referred to as an advisory committee because its board of directors is comprised of insurance executives and/or companies. At times it may seem a little biased to many people and businesses who use these same individuals or companies for their coverage needs, as these individuals or companies that they are dealing with are in business to make a profit. Nevertheless, having a board made up of top-notch executives and companies who compete in the industry make it a little easier to help determine a fair classification system for the approximately 700 different workers compensation classification codes, which cover almost any employee or workplace exposure or does it?
One of the most elementary parts of pricing workers compensation insurance for a client is by properly classifying a company’s workplace exposures into one of these several hundred codes previously mentioned. Indeed, each code developed by the NCCI carries with it an individual rate that is based on that codes exposure within a particular workplace. For example, the classification codes for a clerical or sales worker usually carry with them significantly lower rates versus classification codes that may be associated with a roofer or carpenter, as the workplace exposure of these different types of jobs are extremely different (mostly inside positions versus outside positions). However, when the exposure is not so obvious, classifying a specific exposure can be very complicated and something a business owner wants to be absolutely sure of since a misclassification can cost a business a lot of money they didn’t necessarily expect to pay if something does go wrong or they end up getting audited.
Today employers can also use multiple classification codes on a policy or a company can classify their workforce under one as a group but it is important to document or provide records that show what exact tasks workers complete or how they split their time between different comp codes if using multiple codes. What the costs (annual premiums) are for a policy most of the time are based on an employer’s annual payroll, which can be in the form of a standalone policy or a Professional Employer Organization (PEO) arrangement (PEOs offer pay-as-you go policies, which again is a huge benefit of this model). Therefore, for a decision maker of a company or the business owner, it becomes even more important to understand these different codes and make sure your employees who perform work for you are correctly classified for the actual work they perform. As a result, you could save a lot in the annual premiums and rates you receive in return.
Perhaps the one important part about all this is that the details the NCCI provides insurance carriers (i.e. SCOPES Manual)  in regards to the many workers compensation is NOT available anywhere unless you purchase the proprietary material or subscribe to the NCCI online database. However, as a Consulting Agency we welcome anyone to contact us directly if you would like your policy reviewed free of charge with us or through one of the many PEOs and insurance companies we have built relationships with over time. Having this/these expert opinions on whether your employees are classified correctly or not could even save you and/or your company more money, while minimizing costs or any additional fees for a misclassification.
As always and as we continue to encounter issues and questions online and in-person, you can expect more analysis and opinions about this and other common issues found in advancing technologies and/or within the workplace, which at times can make it hard for you to focus on your core business. Of course, we encourage our fans, readers, and followers to share and ask questions if you have any about this post or our other works, since we subscribe highly to the philosophy that everyone can achieve more by working together and each week this is what we try to do. Until next time, keep smiling, as it really does look good on you!

David Dandaneau is a Consultant at [SevenTimesSeven]. He specializes in helping business owners “manage their business and not their processes!” For more connect with him via Twitter @ddandaneau or any of the other social platforms you may find him on.



References

NCCI Holdings, Inc (2012). National Council on Compensation Insurance

Link

This is an analysis that details the importance of classifying employees correctly when obtaining workers compensation coverage. Also reviewed are some reasons why Professional Employer Organizations (PEOs) could be the answer for your company or small business.

seventimessevenllc:

Each and every day we continue to educate business owners online and in the area who may be still struggling to understand the value with the Professional Employer Organization (PEO) model and/or the pricing strategies available to them if they chose a PEO arrangement. Nonetheless, this week in…

Who is the NCCI & What is The Importance of Proper Workers Compensation Classification Revistied? #SmallBusiness

How YOU can Measure your Social Media & In-Person Engagement FREE of Charge?

Posted on by
2
Within business and our personal lives, we are continually looking for ways to educate people through things such as email, social media, blog posts, associations, etc in order to show our expertise and/or leadership in the fields we consider ourselves experts in. However, even our best tips, practices, case studies, questions and answers, etc often end up leaving us with no real way to measure our successes. Or maybe not?  
 

Since our agency consults on things such as these, we thought this week we would share a few tips on some of the items, which are out now that could help you measure your online and in-person networking efforts. If you use social media to produce, content (personally or professionally) then you may or may not know about the program referred to as HootSuite. Regardless of the reasons people or companies use HootSuite the most important thing to remember about this tool is that it allows you to control, manage, and analyze multiple online social media mediums such as Facebook, Twitter, LinkedIn, FourSquare, etc. The best part of this is that you can add up to five accounts for FREE or subscribe to another plan that starts around $5.99 a month and gives you access (even the FREE accounts do) to analytics such as those found in other programs like Google Analytics or Facebook Page Insights. Please study, learn, and use these analytics if you are not already, as you may be surprised at what you might find out about how your message(s) are being received by your friends, followers, and acquaintances online.
Another must have and know how in the social media or blogosphere realm, which will help you measure your social media engagement that you must learn and utilize are three very similar programs (1) Klout (2) PeerIndex, and(3) EmpireAvenue. Klout, PeerIndex, and EmpireAvenue use data from various networks such as Facebook, Twitter, YouTube, WordPress, Blogspot, Tumblr, Flickr, Google+, etc to measure the different amounts of influence you have on your networks or other networks that are tied to you somehow (i.e. ReTweets, Mentions, Likes, Share Purchases, etc), while giving a user and/or company a number based from 1-100. These mediums should leave a person or company with little ambiguity, as to whether their messages are being received well or not regardless of the mediums, they are using to send the message(s). In other words the higher your Klout, PeerIndex Score, or Share Price the more likely your messages are being received by your network or not.
Lastly, if you are scared on the new ways (analytics) to measure your online effectiveness or engagement of friends, followers, or acquaintances than you can use the old way(s) to judge your material and that is by looking deep into your senses and motivations for engaging users to begin with. OK, so you are asking how can you do that? Easy, if you are like us and strapped for time carry around a little notebook. When you expose something either online (social media) or in-person (personally or professionally) jot down a note when you feel something was received well and other notes when you think the opposite. At the end of a day, week, month, or year review these notes and decide what days, weeks, or months you were most successful and what exactly pleased or displeased your audience and/or audiences. This is old school but still effective even in this new digital age we find ourselves in.
Needless to say, each week we use a variety of these methods (online and in-person) to help determine what others are asking and/or might have questions about, so we can one day become the source you turn to for the advice you seek. Although this week’s tip only tips the iceberg, we can all continue to analyze and melt the ice, along with our works online or in-person in order to tailor our messages to meet the needs of those who seek our advice. Thanks for stopping by, don’t be afraid to speak out to us anytime from anywhere, and we will look forward to seeing you right back here next week with another tip, brought to you… well… by YOU! Until then and as usual, KEEP SMILING

David Dandaneau is a Consultant at [SevenTimesSeven]. He specializes in helping business owners “manage their business and not their processes!” For more connect with him via Twitter @ddandaneau or any of the other social platforms you may find him on.


Link

Simplify your Time & Processes with a Google Gmail Account!

seventimessevenllc:

Over the last few months, we have continued to preach the importance to our clients of staying up-to-date with all the industry trends either by using social media, networking, subscribing to industry newsletters, or by being the industry news letter. However, we also understand that this can be…

Seven Times Seven, LLC: @SevenTimesSeven- Tip of the Week!